In today’s market review for January 23rd, we wrap up the trading week with significant moves. The Bank of Japan's press conference triggered volatility, and our trading idea for USD/JPY delivered a solid 4:1 profit.
We analyze the intense pressure on Gold (XAU/USD) at the 4937 level and the expectation of a breakdown. We also review the successful long trade on GBP/USD, the pullback opportunities for EUR/USD, and the relentless rally in Natural Gas. Additionally, we update grid trading strategies for AUD/CAD (selling the rally) and EUR/AUD (buying the drop).
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